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FAQ:
Q: Can modern capitalism thrive on disasters?
A: Naomi Klein’s brilliant new book, The Shock Doctrine: The Rise of Disaster Capitalism, describes how modern capitalism thrives on shocks and disasters. A tsunami sweeps across Asia, and developers take the chance to clear fishing communities off the coasts and build luxury hotels.
Q: What is the Shock Doctrine?
A: The Shock Doctrine retells the story of the most dominant ideology of our time, Milton Friedman’s free market economic revolution.
Q: Where did ‘Disaster Capitalism’ come from?
A: Klein locates the origin of this ‘disaster capitalism’ in Latin America in the 1970s. Specifically, she identifies Chile from 1973 onwards as the first country to undergo economic ‘shock treatment’ (a phrase coined by right-wing economics guru Milton Friedman).
Q: What kind of threat does 310 the Shock Doctrine pose?
A: First, a U.S.-based multinational corporation 310 THE SHOCK DOCTRINE faces some kind of threat to its bottom line by the actions of a foreign gov ernment demanding that the company “pay taxes or that it observe labor laws or environmental laws.